Box, Inc. (BOX) vs Tenable Holdings, Inc. (TENB)

Box, Inc. and Tenable Holdings, Inc. are both Software Infrastructure companies. Box, Inc. is the larger, with a market value of $4.4B against $4.0B — 1.1× the size. Box, Inc. trades at the lower P/E: 43.6× against 631×. Tenable Holdings, Inc. grew revenue faster over the last twelve months: 9.93% against 9.63%. Box, Inc. has the higher net margin (8.14% vs 0.65%) and the lower return on invested capital (0.00% vs 9.16%). Across the 20 metrics below, Box, Inc. leads on 13 and Tenable Holdings, Inc. on 7.

Valuation

Metric BOX TENB Software Infrastructure median
P/E 43.60 631.07 28.02
P/S 3.49 3.56 3.07
P/B n/m 18.70 3.36
Price to free cash flow 12.33 14.59 17.12
EV/EBITDA 21.80 47.99 14.91
EV/Sales 3.67 3.61 3.03
Earnings yield 2.29% 0.16% 0.13%
Free cash flow yield 8.11% 6.85% 1.15%

Profitability

Metric BOX TENB Software Infrastructure median
Gross margin 79.55% 78.05% 61.23%
Operating margin 9.43% 3.56% 0.00%
Net margin 8.14% 0.65% 0.00%
Free cash flow margin 28.36% 24.37% 1.67%
Return on equity (32.39%) 2.46% 0.59%
Return on assets 6.64% 0.42% 0.00%
Return on invested capital 0.00% 9.16% 0.00%

Growth

Metric BOX TENB Software Infrastructure median
Revenue growth (TTM) 9.63% 9.93% 13.41%
EPS growth (last fiscal year) (57.35%) 3.23% —
Revenue growth, 5-year CAGR 8.84% 17.82% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BOX TENB Software Infrastructure median
Debt to equity (1.29) 1.78 0.06
Current ratio 1.06 0.79 1.55
Net debt to EBITDA (0.16) (1.54) 0.08

Dividend

Metric BOX TENB Software Infrastructure median
Dividend yield 0.19% — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric BOX TENB Software Infrastructure median
Market cap 4.43b 3.95b 835.96m

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